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Education as a competitive advantage.
There is something to be said about a tax professional who is on top of the latest tax law changes and strategies. Your clients can sense you know what you are doing. And you spend less time while making fewer mistakes during the busy season.
Choosing your tax update partner is an important decision. While some may look at CPE as a nuisance, the quality of your yearly update will help you service your clients better, improve referral rates and increase billing rates.
ClientWhys provides the most comprehensive coverage of our ever-changing and evolving tax laws, regulations, rulings, filing procedures and troublesome areas, such as the Health Care provisions, debt relief and foreclosure, and the constant line up of new provisions each year.
Medical expenses are defined as the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body including dental expenses (Sec 213(d)(1)).
When itemizing deductions, a taxpayer is allowed to deduct a variety of taxes, including real or personal property taxes and state income or sales taxes. However, for alternative minimum tax (AMT) purposes, none of these itemized taxes is deductible. For most taxpayers, taxes represents one of the largest tax deductions, and it frequently triggers the AMT.